Does Consumers County Mutual Insurance Company Still Sell Insurance?
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Asked March 25, 2013
Consumers County Mutual Insurance Company was an individual property and casualty company in Dallas, Texas. Today, the company still exists, but does not do business as a stand-alone company. Instead, Consumers County Mutual Insurance Company acts as the underwriter for Texas customers of the American Modern Insurance Group, which is in turn owned by the Munich Reinsurance Company.
Consumers County Mutual Insurance Company was founded in Dallas, Texas in 1949. The company wrote auto, home, and specialty insurance. At the time of their acquisition by American Modern, the company had assets of 113 million and a net surplus 2.2 million, while their working capital had declined to $0.
Consumers County Mutual Insurance Company is not rated by the A.M. Best financial ratings company. Consumers County Mutual Insurance Company inherits the rating of the ultimate parent company, which is Munich Reinsurance. Under that company, Consumers County Mutual Insurance Company is rated "A+" (Superior), only one grade below the best rating available from A.M. Best. The parent company is thought to have assets in excess of 2 billion dollars, and was last rated in November of 2012.
Insurance Products Offered
Consumers County Mutual Insurance Company was a private insurer, and still underwrites private policies today, under the American Modern insurance company. Their policies include auto, truck, motorcycle, recreational vehicle, home, property, and commercial insurance. Coverage is also available for specialty needs such as mobile home insurance, personal watercraft, antique or collector vehicles.
Answered March 25, 2013 by Anonymous